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Schaeffler AG : Q2 2019e: estimates trimmed, but the valuation is attractive – We are maintaining our Buy rating
>Q2 2019e group EBIT forecast to improve q-o-q despite Auto OE weakness - Schaeffler will report Q2 2019 results on 6 August. We expect Q2 2019e group sales to come in at € 3.6bn, reflecting a -1.8% yoy organic decline in light of a clear y-o-y decline in global LV production in Q2 2019 (IHS: -7.5%). Our Q2 2019e group EBIT estimate pre special items stands at € 291m (8.1% margin, -28% y-o-y) and equals our group EBIT estimate. Accordingly, our estimate implies a q-o-...
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Schaeffler AG
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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